Commonwealth Foundation has created a list of corporations and “economic development” groups receiving state grants or generous loans. The amount of tax money these groups gets totals $745.5 million.
The list is:
From the General Fund
Ben Franklin Tech Development Authority Transfer $14.5 million
Commonwealth Financing Authority Transfer $82 million
Pennsylvania First $25 million
Partnerships for Regional Economic Performance $11.88 million
Discovered in PA Developed in PA $9.9 million
Infrastructure and Facilities Improvement Grants $19.4 million
Industry Partnerships $1.6 million
From the Capital Budget
Redevelopment Assistance Capital Program Bonds $270 million
Independent Agencies
Commonwealth Financing Authority Borrowing $125 million
Tax Credits
Film Tax Credit $75 million
Job Creation Tax Credit $22.5 million
Research and Development Tax Credit $40 million
Keystone Opportunity Zone $18.7 million
Keystone Innovation Zone $25 million
Alternative Energy Production Tax Credit $5 million
Note outlays were not available for neither the Pennsylvania Economic Development Financing Authority nor the Pennsylvania Industrial Development Authority.
Hat tip Elizabeth Bryan